If the cost price of an article is Rs. 400 and the selling price is Rs. 500, what is the profit percentage? MCQ with Answer and Explanation

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If the cost price of an article is Rs. 400 and the selling price is Rs. 500, what is the profit percentage?

A. 15%

B. 20%

C. 25%

D. 30%

Answer: Option C

Solution (By JKSSB Mock Tests)

Profit = 100, profit% = 100/400*100=25%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the selling price of an article is Rs. 105 and the loss is 30%, find the cost price.

A. Rs. 140

B. Rs. 145

C. Rs. 160

D. Rs. 150

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Correct Answer: Option D

Explanation:
SP = 70% of CP => CP = 105 / 0.7 = 150.

This question belongs to: Maths Profit And Loss

Question #2

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A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it?

A. Rs. 1100

B. Rs. 900

C. Rs. 1200

D. Rs. 1000

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Correct Answer: Option D

Explanation:
Let A's Cost Price = X. X * 1.20 * 1.25 = 1500. 1.50 * X = 1500. X = 1000.

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Question #3

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A person sells an item for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 460

B. Rs. 520

C. Rs. 480

D. Rs. 500

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Correct Answer: Option C

Explanation:
CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

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